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- W56257896 abstract "The Public Utilities Regulatory Policy Act of 1978 (Public Law 95-617) authorized the Department of Energy (DOE) to establish a program to provide low interest, forgivable loans to finance feasibility studies and licensing activities for small hydroelectric projects. Final regulations became effective February 19, 1980, and the first loans under the program were granted April 19, 1980. The program is limited to sites with existing dams and was originally limited to sites with capacity of less than 15 MW. The limit on capacity was raised to 30 MW by the Energy Security Act (Public Law 96-294) which became effective in late summer of 1980. As part of the activities to achieve the goals of President Reagan to reduce the federal budget, the funding for the Small Hydroelectric Loan Program is under review. Pending the outcome of the review, the DOE has discontinued offering loan agreements as of February 1981. Prior to the suspension, 150 loan agreements were offered for projects throughout the US, representing a capacity of 540 MW and an annual energy of 2.2 x 10/sup 9/ kWh. The 150 loans resulted from an evaluation of approximately 170 proposed projects. The economic benefits contemplated from these projects are discussedmore » in terms of the relative cost of building and operating oil-fueled or nuclear plants for the same total output, the advantage in reducing the outflow of US dollars to purchase foreign oil, and cost of the program to the taxpayer. It is the view of the Administration that the goals of the program have been achieved, that private industry and the States will fund future development, and that the 1982 budget should appropriate no funds for continuing the loan program. (LCL)« less" @default.
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- W56257896 date "1981-01-01" @default.
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- W56257896 title "Success story: Department of Energy small hydroelectric loan program" @default.
- W56257896 hasPublicationYear "1981" @default.
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